Recognition Medal raised almost $750,000 for Breakfast Club of Canada OTTAWA, ON, Sept. 29, 2021 /PRNewswire/ -- The Royal Canadian Mint is honoured that its Recognition Medal earned the International Association of Currency Affairs (IACA) special award for the Best Currency Initiative Implemented in Response to the Covid-19 Pandemic (Other Organization). Launched in June 2020, the Recognition Medal was an employee-led undertaking that transformed the by-product of a circulation coin manufacturing contract into an artful, meaningful and lasting way to say thank you to front line workers and everyday heroes who made it possible for Canadians to safely continue their daily lives throughout the COVID-19 pandemic. All net proceeds from the sale of each medal were donated to Breakfast Club of Canada's COVID-19 Emergency Fund. In all, the Mint raised $743,845.88 to help Canadian children and their families fight food insecurity during the pandemic. The Royal Canadian Mint's Recognition Medal "The Mint has won several international awards for innovation in the past, but IACA's special award is especially meaningful to our employees, who banded together to transform spare coin-making materials into positive change for communities across Canada at a very challenging time in our history," said Marie Lemay, President and CEO of the Royal Canadian Mint. "This recognition by our industry peers, and the response of Canadians who helped us donate so much to children in need have inspired us to do even more to help fellow Canadians still challenged by the pandemic. Due to this success, we are alooking forward to announcing a new medal later this year." One side of the Recognition Medal features a heart and maple leaf icon representing the collective spirit of Canadians. The maple leaf and heart as one symbolize Canadians banding together to help those in need. A complex array of micro-mirrors covering the heart creates a pulsating light effect that evokes Canada's strong heartbeat. The second side represents our nation's grateful spirit. The heart in the centre of the group symbolizes Canadians coming together in appreciation for our essential workers. We recognize their dedication and bravery, and the micro text represents the thankful voices of a nation. It was the first time the Mint's pulsating technology was applied to plated circulation material. This machining of thousands of tiny cubic micro-mirrors, reflecting light at different angles to simulate motion, had previously been limited to silver collector coins, produced in much smaller quantities. Producing over 100,000 medals with this effect proved that we could achieve strong die life and consistent quality of the optical feature on harder circulation coin products. The bi-metal coin slugs were also reshaped through a retooled blanking process to ensure proper electroplating and high speed striking. All this was conceived and implemented in less than two months. Complete background on this project, including videos and still photography can be found here. About the Royal Canadian Mint The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on Twitter, Facebook and Instagram. About IACA Working hand in hand with the public and private sector, IACA's goal is to provide an international exchange for consultation and collaboration on matters of interest to stakeholders in the cash payments cycle and to give back to the industry through the benefits provided from our various project work, programs and information resources. Member companies include all stakeholders in the cash payments cycle, including: central banks; currency issuing authorities; ministries of finance; state and commerical printworks; state and commercial mints; cash management companies; currency industry suppliers and cash handling suppliers. Alex Reeves, Senior Manager, Public Affairs, (613) 884-6370, [email protected] Photo - https://mma.prnewswire.com/media/1637522/Royal_Canadian_Mint_The_Royal_Canadian_Mint_s_Recognition_Medal.jpg SOURCE Royal Canadian Mint (RCM)
The Royal Canadian Mint's Recognition Medal Wins International Award for Best Currency Initiative in Response to the Covid-19 Pandemic
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more
Start Your Free Trial Now!Download Free Report – Explore 3 Stock Ideas & Industry Insights
Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.
All investments involve risk—consider independent advice before making any investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...